Topic: How To Invest

Q: Regards, Pat. Would you give me your recommendation on Veeva Systems? Thank you.

Article Excerpt

A: Veeva Systems Inc., $317.63, symbol VEEV on New York (Shares outstanding: 136.4 million; Market cap: $48.2 billion; www.veeva.com), is a provider of Internet-based customer relationship management (CRM) software for the life sciences, cosmetics and consumer-products industries. The San Francisco-based company has more than 861 customers, ranging from large pharmaceutical firms to biotech startups. In September 2018, Veeva launched Veeva Vault Clinical Data Management System (CDMS)—a cloud application to help life sciences companies better manage their clinical data. Cloud apps let users access software through the web and store data files on remote servers. Veeva Vault combines multiple tools in one app so that drug developers can make faster and more informed decisions. Between 2015 and 2019, the company’s revenue rose steadily. It increased by 169.8%, from $409.2 million in 2015 to $1.10 billion in 2019. Earnings rose 366.3%, from $74.5 million in 2015 ($0.52 a share) to $347.4 million ($2.19) in 2019. Meanwhile, in the three months ended October 31, 2020, the company’s…